505 Games the publisher behind games like Abzu, Brother: a Tale of Two Sons, and Sniper Elite III have announced a deal with Remedy Games the developer behind games like Alan Wake, Max Payne 3, and Quantum Break.
The game is currently being called Project 7. Which to no surprise is being described as the following: "a cinematic third person action game set in a new Remedy-created universe. Featuring an intriguing story and a game structure offering a long-lasting experience, P7 contains the deepest game mechanics yet in a Remedy game." 505 Games is providing a 7.75 million euros for the development, marketing, and publishing services they provide for a 45% royalties on net sales. The deal also gives 505 Games 20 years of rights to Project 7.
No known date is known for this game yet however another thing to note is Project 7 is being made for PS4, Xbox one, And PC. Where as titles like Alan Wake and Quantum break were always Microsoft exclusives.